Nexus Energy Limited

Austin Exploration Limited (ASX:AKK) (OTCQX:AUNXY) today announce that internationally respected petroleum industry executive, Mr Richard Cottee, will join the Company's Board of Directors as Non-Executive Chairman, effective 24 February 2012.

AuDAX Resources Ltd (ASX:ADX)(PINK:ADXRF) is pleased to announce that effective immediately Mr Ian Tchacos will replace Mr Gary Roper as non executive Chairman.

AuDAX Resources Limited (ASX:ADX) (PINK:ADXRF) is pleased to announce that Caspian Oil & Gas and Sibinga Petroleum have joined the AuDAX operated Romanian AMI (Area of Mutual Interest) effective Dec 1st 2009. The new companies replace former partners NZOG and Nexus Energy which elected to withdraw.

Wall Street fell for a third session despite a positive manufacturing data in August. The sell-off was caused by concerns over banks' outlook and fears about September, which was historically one of the market's weakest months.

AED Oil Limited (ASX:AED)(PINK:AEDOF) is pleased to announce that Nexus Energy Limited ("Nexus") and AED have entered into a transaction where AED has agreed to acquire a 50% joint venture interest in the Longtom project (VIC/L29) and the exploration permit VIC/P54, subject to certain conditions.

Yesterday Aussie shares closed slightly lower after the massive fall in the US market. The benchmark S&P/ASX200 index ended the day down 0.6%, or 22.3 points, at 3582.1, while the broader All Ordinaries index fell 0.6%, or 21.9 points, at 3532.3. The local market has become more immune to Wall Street’s negative leads in recent days.

Yesterday Australian shares lost their early gains and ended lower, dragged by big miners. The benchmark S&P/ASX200 index was down 0.2%, or 5.6 points, at 3446.3, while the broader All Ordinaries index fell by 0.2%, or 7.2 points, at 3386.2.

Yesterday the Australian market struggled for direction early on but then found its feet later in the session to close higher, according to CMC Markets. The benchmark S&P/ASX200 index gained 30 points, or 0.95 per cent, at 3,184.5, while the broader All Ordinaries rose 21.5 points, or 0.69 per cent, to 3,143.2.

Yesterday the Australian market ended slightly higher. The big miners such as BHP Billiton and Rio Tinto pushed the market up despite falls in the banking and finance sector, according to CMC Markets. The benchmark S&P/ASX200 index was up 9 points, or 0.29 per cent, at 3154.5, while the broader All Ordinaries index rose 10 points to 3121.7. Today the big miners are not likely to help the market up after the falls of commodities prices and lacking positive news from the US.

Yesterday the Australian market closed lower even it rebounded after news the US Government may end up owning as much as 40% of Citigroup's common stock. The benchmark S&P/ASX200 index ended down 1.5%, or 51.2 points, at 3351.2, while the broader All Ordinaries index shed 1.5%, or 48.9 points, at 3304.1. Today the local stocks are expected a fresh low level on the massive lost in Wall Street.